NASDAQ stock-offering DX.Exchange Launches Today

Estonia-based cryptocurrency exchange DX.Exchange, anticipated for its tokenization of NASDAQ stocks and using its matching engine, has released its full list of trading pairs as it sets to launch today.

Initial pairs set to be available on the day of launch include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Cardano (ADA), OmiseGO (OMG), Enigma (ENG), ShareToken (SHR), and DigiByte (DGB). All coins will be paired against the USD, while Cardano and XRP will also be paired against the Yen, and XRP and DigiByte against the Euro. According to the team, 500,000 users have already pre-registered.

We saw a huge market opportunity in tokenizing existing securities. We believe that this is the beginning of the traditional market’s merge with blockchain technology. This is going to open a whole new world of trading securities old and new alike.

Just as significantly, the exchange will offer tokenized forms of shares of some of the biggest companies on NASDAQ: Apple, Amazon, Baidu, Facebook, Google, Intel, Microsoft, Netflix, Nvidia, and Tesla.

Tokenized shares on the exchange give international investors another entry into NASDAQ, which is perhaps equally, if not more, appealing as being able to trade on a regulated platform that charges no trading fees (and several major exchanges charge quite a high fee). However, the lack of trading fees is accounted for by a subscription service of $10 a month. Furthermore, traders can buy and sell these shares 24/7.

For those investors hesitant about crypto investment due to a lack of regulation, DX.Exchange can be attractive because it fully follows EU regulation. It also offers crypto-to-fiat deposits and withdrawals, another essential feature that establishes accessibility.

On the face of it, it appears that DX.Exchange is trying to marry the traditional financial market with the tokenization possibilities of blockchain. Although the companies are not involved, each virtual stock will be an actual stock and benefit from cash dividends. The stocks will be managed by MPS Marketplace, which has been given the license to do so by Cyprus’ financial regulator.

DX.Exchange currently has offices in Estonia and Israel, and plans to expand to Hong Kong and Tokyo. The incorporation of the New York Stock Exchange is also being planned.

CoinHubNews is a totally free production covering cryptographic money, the blockchain, decentralized applications, the web of back and the cutting edge web. We offer the most recent news, costs, leaps forward and investigation with accentuation on master feeling and discourse from the computerized money group.